Movement Alert|GLOBALFOUNDRIES Inc. Rises 6.93% in Pre-Market Trading, US-Japan Chip Factory Talks Name GFS as Operator

Market Focus
Sep 17

On September 17, GLOBALFOUNDRIES Inc. rose 6.93% in pre-market trading, trading at $46.0/share, with turnover of $3.1662 million.

On the news front, Japan and the United States are reportedly in discussions to jointly build a semiconductor factory as part of a $550 billion bilateral investment agreement. The project is estimated at 2 trillion to 3 trillion yen (approximately $12.85 billion to $19.27 billion), with GLOBALFOUNDRIES Inc. designated as the operator, focusing on logic semiconductor production. Negotiations were held between September 14 and 15.

This development represents a significant potential expansion for GLOBALFOUNDRIES Inc., which currently holds a 3.2% share of the global foundry market with Q2 revenue of approximately $1.79 billion. The company has recently secured a $375 million CHIPS Act R&D grant for quantum technology, signed a $1.5 billion revolving credit facility maturing in 2031, and entered manufacturing partnerships with Monolithic Power Systems and RAAAM Memory Technologies. Its CEO has stated that supply constraints, rather than demand weakness, will define the company's outlook over the coming years, with data center demand serving as a strong growth engine.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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